Income tax calculator Ontario

Find out how much your salary is after tax

Salary rate
Annual
Month
Biweekly
Weekly
Day
Hour
Withholding
Salary
$42,106
Federal tax deduction
- $5,693
Provincial tax deduction
- $2,432
CPP deduction
- $2,201
EI deduction
- $665
Total tax
- $10,990
Net pay
* $31,116
Marginal tax rate
25.9%
Average tax rate
26.1%
73.9%
Net pay
26.1%
Total tax
Total tax
Net pay
The Taxberg
$31,116
Net pay
$3,132
Tax the employer pays
$10,990
Tax you pay
Total tax paid
$14,122
Did you know your employer also pays tax on your salary? It costs the employer $3,132 to pay you $42,106. In other words, every time you spend $10 of your hard-earned money, $3.35 goes to the government.
Real tax rate
31.2%
So, with you and the employer both paying tax, what used to be a 26.1% tax rate now rises to 31.2%, meaning your real tax rate is actually 5.1% higher than what it seemed at first.
People also ask
$42,106 yearly is how much per hour?
$21.59 hourly is how much per year?
What is the average salary in Canada?
Summary
If you make $42,106 a year living in the region of Ontario, Canada, you will be taxed $10,990. That means that your net pay will be $31,116 per year, or $2,593 per month. Your average tax rate is 26.1% and your marginal tax rate is 25.9%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $25.87, hence, your net pay will only increase by $74.13.
Bonus Example
A $1,000 bonus will generate an extra $741 of net incomes. A $5,000 bonus will generate an extra $3,707 of net incomes.
Compare average tax
Region
Alberta
British Columbia
Manitoba
New Brunswick
Newfoundland and Labrador
Northwest Territories
Nova Scotia
Nunavut
Ontario
Prince Edward Island
Quebec
Saskatchewan
Yukon
Tax per income
$42,500
$43,000
$43,500
$44,000
$44,500
$45,000
$45,500
$46,000
$46,500
$47,000
$47,500
$48,000
$48,500
$49,000
$49,500
$50,000
$50,500
$51,000
$51,500
$52,000
Tax per region
Region
Net pay
Average tax
Rank
Nunavut
CAD 31,978
24.1%
1
British Columbia
CAD 31,540
25.1%
2
Northwest Territories
CAD 31,232
25.8%
3
Ontario
CAD 31,116
26.1%
4
Yukon
CAD 31,118
26.1%
5
Quebec
CAD 30,583
27.4%
6
Newfoundland and Labrador
CAD 29,962
28.8%
7
New Brunswick
CAD 29,856
29.1%
8
Alberta
CAD 29,623
29.6%
9
Saskatchewan
CAD 29,427
30.1%
10
Nova Scotia
CAD 29,327
30.3%
11
Prince Edward Island
CAD 29,296
30.4%
12
Manitoba
CAD 29,159
30.7%
13
Show more
Europe
Country 
Net pay
Average tax
Rank
Switzerland
CAD 37,376
11.2%
1
Russia
CAD 36,632
13.0%
2
Ireland
CAD 36,207
14.0%
3
United Kingdom
CAD 35,591
15.5%
4
France
CAD 35,344
16.1%
5
Hungary
CAD 34,316
18.5%
6
Ukraine
CAD 33,895
19.5%
7
Norway
CAD 33,651
20.1%
8
Luxembourg
CAD 33,382
20.7%
9
Czech Republic
CAD 32,962
21.7%
10
Spain
CAD 32,778
22.2%
11
Austria
CAD 32,418
23.0%
12
Sweden
CAD 30,014
28.7%
13
Greece
CAD 29,744
29.4%
14
Germany
CAD 29,319
30.4%
15
Italy
CAD 28,897
31.4%
16
Poland
CAD 28,623
32.0%
17
Denmark
CAD 28,295
32.8%
18
Finland
CAD 27,444
34.8%
19
Netherlands
CAD 26,497
37.1%
20
Portugal
CAD 26,370
37.4%
21
Romania
CAD 24,632
41.5%
22
Belgium
CAD 23,430
44.4%
23
Show more
North America
Country 
Net pay
Average tax
Rank
USA
CAD 34,469
18.1%
1
Canada
CAD 31,116
26.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
CAD 39,381
6.5%
1
Taiwan
CAD 37,542
10.8%
2
Thailand
CAD 36,722
12.8%
3
Australia
CAD 36,288
13.8%
4
South Korea
CAD 34,960
17.0%
5
New Zealand
CAD 34,684
17.6%
6
Kazakhstan
CAD 33,741
19.9%
7
Indonesia
CAD 33,363
20.8%
8
Pakistan
CAD 33,148
21.3%
9
Singapore
CAD 33,092
21.4%
10
Japan
CAD 32,647
22.5%
11
Malaysia
CAD 32,417
23.0%
12
Philippines
CAD 31,438
25.3%
13
Vietnam
CAD 30,246
28.2%
14
China
CAD 28,398
32.6%
15
India
CAD 27,142
35.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
CAD 38,069
9.6%
1
Puerto Rico
CAD 36,959
12.2%
2
Costa Rica
CAD 36,735
12.8%
3
Ecuador
CAD 35,613
15.4%
4
Panama
CAD 34,154
18.9%
5
Colombia
CAD 34,146
18.9%
6
Chile
CAD 33,668
20.0%
7
Mexico
CAD 32,250
23.4%
8
Peru
CAD 32,112
23.7%
9
Brazil
CAD 31,309
25.6%
10
Uruguay
CAD 30,415
27.8%
11
Argentina
CAD 27,359
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
South Africa
CAD 32,703
22.3%
1
Angola
CAD 30,873
26.7%
2
Mozambique
CAD 30,450
27.7%
3
Kenya
CAD 30,180
28.3%
4
Ghana
CAD 29,243
30.6%
5
Ivory Coast
CAD 29,043
31.0%
6
Nigeria
CAD 28,814
31.6%
7
Morocco
CAD 28,663
31.9%
8
Uganda
CAD 27,778
34.0%
9
Cameroon
CAD 27,353
35.0%
10
Senegal
CAD 26,857
36.2%
11
Zambia
CAD 26,302
37.5%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
CAD 40,001
5.0%
1
Qatar
CAD 40,001
5.0%
2
Bahrain
CAD 38,738
8.0%
3
Oman
CAD 38,738
8.0%
4
Saudi Arabia
CAD 37,895
10.0%
5
Kuwait
CAD 37,474
11.0%
6
Israel
CAD 35,085
16.7%
7
Egypt
CAD 31,964
24.1%
8
Lebanon
CAD 31,843
24.4%
9
Turkey
CAD 24,790
41.1%
10
Show more
NOTE* Withholding is calculated based on the Ontario tables of Canada, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.